Stock Glossary

Typing the number of items into the system from the Counting sheets into the Snapshot that was made before counting was done.

Different classifications of the stock items.

The Stock module can be changed to display all function in Afrikaans or English.

Roadmap

1. M Stock > M1 Program > SM1 Change language to Afrikaans / English

Chargeable - An item that may or should be billed to the patient account.

Non-Chargeable - The item must be billed on the patients' account BUT with a ZERO value (price).

The item was used and must be put on the patient account (to adjust the movement of the item and future reference), but the patient is not allowed to pay for the item according to the medical association.

Consignment Stock is stock legally owned by one party, but held by another, meaning that the risk and rewards regarding the said stock remain with the first party while the second party is responsible for distribution or retail operations.

The consignment stock will be kept in your practice and when you use the item on the patient, then only will the owner of the stock be able to charge you for the item.

To Consolidate is to combine many separate things into one unit. 

To Consolidate the counting locations means the system will add the items in all the different locations together and combine them into 1 General Bin / Big Location.

The cost of sales is the accumulated total of all costs used to create a product or service, which has been sold. The last 5 years accumulated purchases will be used per unit price for the average.

The cost of sales will only be calculated when the item is sold.

This is a calculated value = counted units/pack size or this can be the counted packs that you have counted on the day of the stocktake, (it is not recommended that you count in packs, only in units. Let the system calculate the packs for you.)

Example counted units = 140, Packsize = 100, Counted Packs = 1.4

140 / 100 = 1.4

These are the number of items available in the practice that has been counted on the day of the stock take.

The item can be placed in multiple counting locations.

The items can be set up in the correct sequence of the shelf or drawer.
An example is "Ward Stockroom shelf 1".

The stock counting sheets will work easily when you have 1 sheet per location. That means not more than 25 items in each location. This will make counting easier. And allow more people to assist in the counting process.